A subsidiary of Hewlett-Packard
hwp
Agilent completed a $2.2 billion initial public offering on Nov. 18. The company's IPO-related "quiet period" ended Monday. On Nov. 15, Agilent reported earnings in an S-1 filing for the IPO.

On a pro forma basis, the company earned 32 cents per share for the fourth quarter, which matched the estimate of analysts surveyed by First Call, said Tony Crooks, a research analyst at First Call.

Agilent also reported net revenue of $2.4 billion for the quarter. See press release.

"This quarter's growth in earnings and revenue gives Agilent a great start as we begin life as a separate company and work to build shareholder value," stated Edward Barnholt, president and chief executive officer of Agilent, noting that the fourth-quarter results had been achieved while the company was gearing up for its IPO. "Now that we're operating independently, we're going to pursue opportunities to tailor our systems and processes to Agilent's needs."

Through this effort, Agilent expects to reduce costs and expenses, which will begin to have a true impact in the beginning of fiscal 2001, Barnholt said in a statement.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.